KUALA LUMPUR KEPONG BHD
KLSE (MYR): KLK (2445)
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Last Price
20.64
Today's Change
+0.12 (0.58%)
Day's Change
20.34 - 20.68
Trading Volume
589,100
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
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*Malaysia Plantations*
*The unsung heroes of the nation (and the world)*
11 March marks the 4th anniversary of COVID-19 pandemic. We pay tribute to the plantation sector that has contributed immensely during the pandemic. While not undermining the sacrifices by the front-liners and others in the fight against COVID-19, this sector has played its part in ensuring food security, job security, and health security not just for the nation but the world over. Despite rising cost challenges and falling output, the sector still made huge monetary contribution of >MYR23b over the past 4 years in various forms of direct and indirect taxes, and contributions.
*>MYR23b in “social” contribution to the grateful for*
Between 2020 and 2023, the plantation sector has contributed approx. MYR6.1b in windfall profit levy, MYR3.7b in export duties, MYR1.3b in MPOB CESS (see Fig.1), MYR0.2b in Prosperity Taxes, >MYR6b in Sabah and Sarawak Sales Taxes (our back-of-the-envelope estimates), and easily >MYR6b in corporate income taxes and individual taxes (by the smallholders) to the Malaysian government . The sector is said to be among the highest tax contributor in terms of total taxes (including windfall profit levy, export duties, CESS, and Sabah and Sarawak Sales Taxes, in addition to corporate taxes). Monies collected by the government were channelled to (among others) nation building and running of many social programmes including free COVID vaccinations given to the people and cash handouts given to the needy during the pandemic.
*Food & health security roles often taken for granted*
Palm oil holds more than 50% market share in the global vegetable oils trade. Hence, its continuous availability is crucial to global food security as well as health security. Throughout the pandemic, palm oil exports never stopped as the government allowed palm oil cultivation to proceed.
Besides food use, the continuous availability of palm oil and palm products also meant there was the much-needed ingredients to make personal cares and cleaning products such hand wash, soap, laundry detergents, hand sanitisers, etc that the world desperately needed in its fight against the highly infectious COVID-19 virus.
*Job security for the locals as well as guest workers*
Many people lost their jobs at the start of the pandemic and had to draw down their hard-earned life savings to make ends meet. Prior to the pandemic, the sector has a strong workforce of 437,400 in Malaysia comprising local and guest workers. During the pandemic, the plantation sector was among the few granted special approval by the government to operate. Social distancing at workplace was inherent in the estates given that one worker typically covers more than 10 hectares of estates, providing a naturally safe working environment. Workers were even given free COVID vaccinations by their employers. At the height of the pandemic, outsiders had limited access to the staffs’ housing quarters and estate operations to ensure the safety of their workers and families. While country borders were mostly closed initially, guest workers remained employed throughout and were paid decent wages (plus incentives) that allowed them to repatriate the much-needed income to provide for their families back home (presumably equally affected by the pandemic).
Well Done Guys!
2024-03-11 10:48
Blog: THE IMMENSE VALUE OF TSH'S 80,000 ACRES PRIME LANDS IN BONGAN, (Only 43.9 KM from TiTik Nol IKN NUSANTARA, By Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-12-story-h-186519186-THE_IMMENSE_VALUE_OF_TSH_S_80_000_ACRES_PRIME_LANDS_IN_BONGAN_Only_43_9
2024-03-12 02:26
New generation is already taking over. Doubt they are even half as competent as the Lee Loy Seng or the '50s-'70s generation.
2024-03-18 07:09
Plantation king has been producing disappointing results but this stock always supported by big institutions
1 month ago
Overvaluation was obvious for quite some months...Lucky I earned 9 rounds trading in & out of KLK in '22-'23 & only hv 1 measly unit left to enjoy AGM gifts & food ! 😁
1 month ago
This qtr is soooo badddd that there were only 7 qtrs going all the way back to 2007 which were WORSE in terms of EPS( & only 9 qtrs worse than this going back to 2002)!
1 month ago
Bought back the KLK I last SOLD on 16/5/23 @ $22.556....at the close for $20.86...👍
4 weeks ago
The main shareholder has been buying consecutive days & its shareholding is now up to over 525 mil from 501 mil in 2019. Pretty sure they're still buying today!
3 weeks ago
dompeilee
Bought back the KLK I last SOLD on 16/5/23 @ $22.556....at the close for $20.86...👍
4 days ago
SOLD ! @ $21.34...contra gain😘
3 weeks ago
Glad I RANNNNN for a small profit...nowadays cannot hang on to used-to-be superior stocks, esp. after the strawberry generation start to take over management...
3 weeks ago
India's May palm oil imports reach four-month high on price drop-dealers. Macam mana Malaysia one?
https://www.malaymail.com/news/money/2024/06/04/indias-may-palm-oil-imports-reach-four-month-high-on-price-drop-dealers/138037
3 weeks ago
seems like EPF has started collecting. I think it's very hard to get it below RM20
2 weeks ago
local fund like epf only can press down counters with less foreign fund inside like klk, petdag, pchem, petgas etc...
those foreign funds support one, epf cant press.
2 weeks ago
Ya...CPO price has fallen to RM38xx already
https://www.mpoc.org.my/market-insight/daily-palm-oil-prices/
1 week ago
continue pressing today, dont know they wanted to press until for them to do mid year window dressing....
1 week ago
EPF, left and right hand play again. CIMB doesn't provide warrant live matrix like the rest.
3 days ago
like Axiata, on 20/6, 1. Citigroup EPF Board - Disposal of 9,265,200 shares 2. Citigroup EPFBoard-IC - Acquisition of 1,000,000 shares
3 days ago
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CS Tan
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wallstreetrookieNEW
Luckily AmInvest analyst still does not have the guts to call SELL on KLK. But it is coming soon. Once Gan Huey Ling calls sell, you know it is over. She is the best plantation equity analyst
2024-03-06 21:39